Ousted Bitmain Co-Founder Offers to Buy $4 Billion in Shares
Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company. Go to Source Powered by WPeMatico
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Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Top Positions
On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining rig manufacturers today, and regional reports claim that the … Read more
Experts Say Bitcoin Difficulty Adjustment Might Prompt Miners to Switch Off Again
As the network gets readjusted, and Bitcoin mining difficulty increases, older generations of mining machines might be out again. Go to Source Powered by WPeMatico
Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report … Read more
BitMEX Report Points to More Consolidation in Bitcoin ASIC Mining
The Bitcoin mining ASIC manufacturing industry is expected to further consolidate, as is the wider mining farm operating sector. Go to Source Powered by WPeMatico
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory. Bitmain Cofounder Micree Zhan Accused of Causing Mining … Read more
Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries
Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office. Go to Source Powered by WPeMatico
Antminer T19 May Not Affect Bitcoin Hash Rate but Keeps Bitmain Ahead
The Antminer T19 by Bitmain may not have a big impact on the Bitcoin network, and it comes out amid the firm’s internal and post-halving uncertainty. Go to Source Powered by WPeMatico
Micree Zhan Reportedly Used Private Guards to Physically Take Over Bitmain
Reports indicate that Micree Zhan obtained a significant victory as he led a team of guards into Bitmain’s Beijing office to establish himself as its legal representative. Go to Source Powered by WPeMatico
Bitmain Unveils Cheaper T19 Bitcoin Miner to Regain Lost Market Share
Bitmain on Monday released the Antminer T19, a cheaper bitcoin mining machine, in an effort to regain lost market share. The Beijing-based company said the Antminer T19 has computing power or hashrate of 84 terahash per second (TH/s) and power efficiency of 37.5 joules per terahash (J/TH). The latest hardware is modeled after Bitmain’s more … Read more